Form 990 for tax year 2024
Filed by THE JAMES MADISON INSTITUTE FOR PUBLIC POLICY STUDIES INC.
Totals
- Total revenue
- $3,611,765
- Total expenses
- $3,321,650
- Contributions and grants received
- $3,498,110
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $21,860
- Other revenue
- $91,795
- Total assets, end of year
- $2,624,345
- Total liabilities, end of year
- $665,621
- Net assets or fund balances, end of year
- $1,958,724
- Program services expenses (Part IX)
- $2,118,620
- Management and general expenses
- $202,059
- Fundraising expenses
- $1,000,971
- Program service expenses (Part III)
- $2,118,620
Program services were 63.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$736,560
-
1f · All other contributions, gifts and grants
$2,761,550
-
3 · Investment income
total $21,860 · excluded $21,860
-
8a · Fundraising events: gross income
$464,151
-
8b · Fundraising events: direct expenses
$372,356
-
8c · Net income from fundraising events
total $91,795
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $394,423 · program services $224,821 · management and general $32,027 · fundraising $137,575
-
7 · Other salaries and wages
total $1,156,777 · program services $659,363 · management and general $93,930 · fundraising $403,484
-
8 · Pension plan contributions
total $64,091 · program services $36,532 · management and general $5,204 · fundraising $22,355
-
9 · Other employee benefits
total $188,467 · program services $107,427 · management and general $15,303 · fundraising $65,737
-
10 · Payroll taxes
total $109,454 · program services $62,389 · management and general $8,888 · fundraising $38,177
-
11b · Fees: legal
total $11,374 · program services $6,483 · management and general $924 · fundraising $3,967
-
11c · Fees: accounting
total $16,950 · program services $9,662 · management and general $1,376 · fundraising $5,912
-
11f · Fees: investment management
total $9,925 · management and general $9,925
-
11g · Fees: other
total $100,000 · program services $100,000
-
12 · Advertising and promotion
total $148,087 · program services $148,087
-
13 · Office expenses
total $43,024 · program services $24,525 · management and general $3,493 · fundraising $15,006
-
14 · Information technology
total $41,233 · program services $23,503 · management and general $3,348 · fundraising $14,382
-
16 · Occupancy
total $136,231 · program services $77,652 · management and general $11,062 · fundraising $47,517
-
17 · Travel
total $69,593 · program services $48,874 · management and general $2,181 · fundraising $18,538
-
19 · Conferences, conventions and meetings
total $103,141 · program services $98,828 · management and general $2,136 · fundraising $2,177
-
20 · Interest
total $44,441 · program services $25,331 · management and general $3,609 · fundraising $15,501
-
22 · Depreciation, depletion and amortization
total $42,055 · program services $23,971 · management and general $3,415 · fundraising $14,669
-
23 · Insurance
total $13,226 · program services $7,539 · management and general $1,074 · fundraising $4,613
-
24a · Other expenses: DURDEN CENTER
total $105,331 · program services $105,331
-
24b · Other expenses: GIBBS CENTER
total $78,370 · program services $78,370
-
24c · Other expenses: TECH CENTER
total $65,707 · program services $65,707
-
24d · Other expenses: DIRECT MAIL CAMPAIGN
total $54,291 · fundraising $54,291
-
24e · All other expenses
total $325,459 · program services $184,225 · management and general $4,164 · fundraising $137,070
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $144,272 · end of year $157,612
-
2 · Savings and temporary cash investments
beginning of year $191,177 · end of year $467,799
-
4 · Accounts receivable
end of year $3,623
-
10a · Land, buildings and equipment: cost or other basis
$1,930,052
-
10b · Land, buildings and equipment: accumulated depreciation
$703,258
-
10c · Land, buildings and equipment, net
beginning of year $1,257,849 · end of year $1,226,794
-
11 · Investments: publicly traded securities
beginning of year $689,957 · end of year $768,517
-
17 · Accounts payable and accrued expenses
beginning of year $123,173 · end of year $115,621
-
23 · Secured mortgages and notes payable
beginning of year $550,000 · end of year $550,000
-
27 · Net assets without donor restrictions
beginning of year $1,534,721 · end of year $1,249,642
-
28 · Net assets with donor restrictions
beginning of year $75,361 · end of year $709,082
Mission and programs · 2024
Mission
THE MISSION OF THE JAMES MADISON INSTITUTE IS TO INFORM THE CITIZENS OF FLORIDA ABOUT THEIR GOVERNMENT AND TO ENSURE THE FUTURE OF THE STATE BY ADVANCING FREE-MARKET IDEAS PERTAINING TO THE ISSUES OF PUBLIC POLICY.
-
RESEARCHERS PRODUCE INDEPENDENT, NON-PARTISAN REPORTS TO INFORM THE CITIZENS OF FLORIDA ABOUT IDEAS THAT ARE ROOTED IN A BELIEF IN THE U.S. CONSTITUTION AND SUCH TIMELESS IDEALS AS LIMITED GOVERNMENT, ECONOMIC FREEDOM, FEDERALISM, AND INDIVIDUAL LIBERTY COUPLED WITH INDIVIDUAL RESPONSIBILITY. THESE REPORTS INCLUDE ONE EDITION OF THE JOURNAL OF THE JAMES MADISON INSTITUTE, SEVEN ISSUES OF POLICY BRIEFS, TWO ISSUES OF THE MESSENGER NEWSLETTER, BIWEEKLY EMAILS, AND MULTIPLE, ADDITIONAL, INCIDENTAL PUBLICATIONS AS NEEDED. THESE PUBLICATIONS ARE ROUTINELY DISTRIBUTED TO INSTITUTE MEMBERS, LEGISLATORS, POLICY MAKERS, AND MEDIA, AS WELL AS MADE AVAILABLE TO THE GENERAL PUBLIC AT EVENTS, ON THEIR WEBSITE,OR UPON REQUEST.
Expenses $1,746,264
-
IN 2025, JMI HELD A TECH SUMMIT EVENT AND THE INSTITUTE HELD APPROXIMATELY 179 CIVICS-RELATED EVENTS; POLICY EVENTS; AND STANLEY MARSHALL DAY, A CELEBRATION OF STANLEY MARSHALL. THE INSTITUTE STAFF MEMBERS ALSO PARTICIPATE IN NUMEROUS CONFERENCES BOTH STATEWIDE AND NATIONALLY. ALL THESE EVENTS SERVE MULTIPLE PURPOSES SUCH AS OUTREACH, PUBLIC POLICY AND/OR CIVICS EDUCATION, MEMBERSHIP BUILDING,NETWORKING, ETC.
Expenses $372,356
As filed on the 2024 return.
Listed in Part VII
-
J Robert McClure IIIJ ROBERT MCCLURE III
PRESIDENT &
- Total calculated
- $426,690
- From this org
- $394,423
- From related orgs
- $0
- Other
- $32,267
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $394,423
- Bonus
- not reported
- Other
- not reported
- Deferred
- $14,244
- Nontaxable benefits
- $18,023
- Filer's total
- $426,690
-
Timothy M CerioTIMOTHY M CERIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jf Bryan IVJF BRYAN IV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Glen T Blauch JrGLEN T BLAUCH JR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
John F KirtleyJOHN F KIRTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harout SamraHAROUT SAMRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William ShepherdWILLIAM SHEPHERD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie SmithSTEPHANIE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert H Gidel SrROBERT H GIDEL SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey V SwainJEFFREY V SWAIN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Joe S YorkJOE S YORK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 September 2026
- IRS schema version
- 2024v5.0
- Source object
- 202642589349302659
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